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Markets - Commodities

Saturday, January 4, 2020

US MIDDAY: Gold jumps to 4-month peak
Commodities

US MIDDAY: Gold jumps to 4-month peak

Gold prices surged on Friday to a four-month peak, racing past the key $1,550 an ounce level after a US air strike in Iraq killed the commander of Iran's elite Quds Force, prompting a rush into safety assets. Spot gold rose 1.4% to $1,549.63 per ounce as
Published 04 Jan, 2020 12:00am
US MIDDAY: grain, soya futures weaken
Commodities

US MIDDAY: grain, soya futures weaken

US grain and soyabean futures crumbled on Friday as traders booked profits after being spooked by a US air strike in Iraq that escalated geopolitical tensions in the Middle East. The strike put markets on edge and opened the door for a setback a day after
Published 04 Jan, 2020 12:00am
Gold rises in Europe
Commodities

Gold rises in Europe

Gold rose over 1% on Friday and was within a striking distance of a more than 6-1/2 year high, as investors flocked to the safe-haven metal after a senior Iranian military official was killed in an air strike authorised by the United States.
Published 04 Jan, 2020 12:00am
Malaysian palm oil dips
Commodities

Malaysian palm oil dips

Malaysian palm oil futures closed lower on Friday after a US air strike in Baghdad stoked tensions in the Middle East, but recorded gains for a third straight week due to lower production. The benchmark palm oil contract for March delivery on the Bursa Ma
Published 04 Jan, 2020 12:00am
Copper and most other metals fall
Commodities

Copper and most other metals fall

Copper and most other industrial metals fell on Friday as the killing of a top Iranian commander by the United States sent shockwaves through markets, pushing oil prices sharply higher. Investors rushed to safe-haven assets such as gold and stock markets
Published 04 Jan, 2020 12:00am
China's steel futures lower on rising inventories
Commodities

China's steel futures lower on rising inventories

Shanghai steel futures reversed course and closed lower on Thursday, as higher inventories of the construction and manufacturing material in China offset an early rally spurred by a monetary policy easing measure by the country's central bank.
Published 04 Jan, 2020 12:00am
EU wheat at six-month highs on tight supplies
Commodities

EU wheat at six-month highs on tight supplies

European wheat prices jumped to six-month highs on Thursday, supported by a rally on US markets, concern about global supplies and brisk export demand. Benchmark March milling wheat on Paris-based Euronext was up 1.75 euro or 0.9% by 1553 GMT at 190.50 eu
Published 04 Jan, 2020 12:00am
Gold's price grows
Commodities

Gold's price grows

Gold price on Friday grew by Rs 1,350 per tola to Rs 89,650 on the local market, traders said. The yellow metal posted an increase of 1,157 per 10 grams to Rs 76,870 and $29 an ounce to $1551 on the world market. Silver was traded for Rs 1,020 per tola, R
Published 04 Jan, 2020 12:00am
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